CANADA STOCKS-Weakness in oil prices weighs on TSX futures

May 12 (Reuters) - Stock futures pointed to a lower opening for Canada’s main stock index on Friday as oil prices slipped on concerns over global oversupply.

June futures on the S&P TSX index were down 0.08 percent at 7:20 a.m. ET.

Canada’s main stock index fell on Thursday, as a Moody’s downgrade of Canadian banks struck financials, and frequent-flyer points operator Aimia Inc plunged on news its program would be dropped by the country’s largest airline.

No major economic releases are scheduled in Canada.

Dow Jones Industrial Average e-mini futures were down 0.1 percent at 7:20 a.m. ET, while S&P 500 e-mini futures were down 0.17 percent and Nasdaq 100 e-mini futures were down 0.07 percent.

TOP STORIES

Canada’s biggest non-bank lender Home Capital Group Inc disclosed data on Friday that showed the rate of withdrawals by depositors slowed for a second day in a row.

Amaya Inc,, the owner of online gambling sites PokerStars and Full Tilt, reported an 18.5 percent increase in quarterly profit, as it attracted more customers.

Enbridge Inc,, North America’s largest energy infrastructure company, said on Thursday it may acquire more assets and forecast a rise in adjusted earnings this year following its purchase of Spectra Energy Corp.

ANALYST RESEARCH HIGHLIGHTS

Aimia Inc: CIBC cuts target price to C$3.25 from C$8

Linamar Corp: CIBC raises target price to C$69 from C$65

Westport Fuel Systems: Cowen and Company raises target to C$1.50 from C$1.25